Crypto PACs Flex Political Muscle In High-Stakes Texas Runoffs
Bets on the Texas Republican Senate primary runoff topped $16 million in total volume on prediction platform Kalshi, which gave crypto-backed candidate Ken Paxton a 96% chance of defeating incumbent John Cornyn heading into Tuesday’s vote. Related Reading: Crypto Founder Takes Seat On SpaceX Journey To Mars The Kalshi platform had consistently favored the Democratic […]
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Only $1.1 million in transaction volume has passed through Coinbase’s x402 payment protocol in the past 30 days. That number tells a lot about where AI-driven crypto payments actually stand right now. Related Reading: Crypto PACs Flex Political Muscle In High-Stakes Texas Runoffs A New Layer For Crypto Transactions Base, the Ethereum layer-2 network operated […]
Bitmine Immersion Technologies has staked roughly $4.7 million worth of Ether from its holdings, with the company projecting annualized staking revenues of $276 million — a yield strategy that sets it apart from firms that simply hold crypto on their books. Related Reading: Crypto PACs Flex Political Muscle In High-Stakes Texas Runoffs The Staking Angle […]
Jeff Walton thinks the idea is almost too simple. The chief risk officer at Strive Asset Management said this week that Bitcoin-backed securities could reshape how people think about money and credit — and that skepticism around the sector partly stems from how straightforward the concept seems. Related Reading: Crypto PACs Flex Political Muscle In […]
Following a successful showing in 2024 US elections, the cryptocurrency industry is significantly increasing its political spending in preparation for the 2026 midterms. A number of super political action committees (PACs) focused on crypto are pooling together a major $263 million war chest, according to Bloomberg. Fairshake Leads With $141 Million The legislative victories with […]
Political efforts tied to the crypto industry scored another set of wins in Texas, strengthening the case that the sector’s influence in US politics remains strong under a more pro-digital asset administration. According to reporting from Eleanor Terret of Crypto In America, the crypto industry went 6-for-6 backing winning candidates in the Texas primary runoffs held Tuesday night. Anti-Crypto Hits At The Ballot Box One of the biggest results came from the Democratic primary runoff in Texas’s 18th Congressional District. In that race, Terret reported that Rep. Christian Menefee defeated....